Sean McLain

Well, instead, Nissan ended up with a bunch of half-filled factories around the world that, instead of being profit engines, just were giant black holes and money furnaces for Nissan's cash.

Carlos Ghosn disappears. And that sets about a number of things that change at Nissan, including management overhaul, turmoil, chaos, and infighting within Nissan, but also a broad reset of Nissan's strategic vision for what kind of a company it wants to be. And Nissan goes about trying to shut down all of these factories that Carlos Ghosn has had built around the world.

Carlos Ghosn disappears. And that sets about a number of things that change at Nissan, including management overhaul, turmoil, chaos, and infighting within Nissan, but also a broad reset of Nissan's strategic vision for what kind of a company it wants to be. And Nissan goes about trying to shut down all of these factories that Carlos Ghosn has had built around the world.

Carlos Ghosn disappears. And that sets about a number of things that change at Nissan, including management overhaul, turmoil, chaos, and infighting within Nissan, but also a broad reset of Nissan's strategic vision for what kind of a company it wants to be. And Nissan goes about trying to shut down all of these factories that Carlos Ghosn has had built around the world.

They lay off about 10% of their workforce. They say they need to shrink to regrow their profits. Nissan shrinks from selling about 6 million cars a year. to three and a half today. Whoa. So Nissan has become a much smaller company as they shut down factories and produce fewer vehicles. However, profits have not really rebounded. It's just today a much smaller company with much less cash.

They lay off about 10% of their workforce. They say they need to shrink to regrow their profits. Nissan shrinks from selling about 6 million cars a year. to three and a half today. Whoa. So Nissan has become a much smaller company as they shut down factories and produce fewer vehicles. However, profits have not really rebounded. It's just today a much smaller company with much less cash.

They lay off about 10% of their workforce. They say they need to shrink to regrow their profits. Nissan shrinks from selling about 6 million cars a year. to three and a half today. Whoa. So Nissan has become a much smaller company as they shut down factories and produce fewer vehicles. However, profits have not really rebounded. It's just today a much smaller company with much less cash.

With the advent of all these electric vehicles coming out, you are starting to see that market share being taken away. Chinese car companies, especially when it comes to electric vehicles, are really eating the lunch of the global car industry.

With the advent of all these electric vehicles coming out, you are starting to see that market share being taken away. Chinese car companies, especially when it comes to electric vehicles, are really eating the lunch of the global car industry.

With the advent of all these electric vehicles coming out, you are starting to see that market share being taken away. Chinese car companies, especially when it comes to electric vehicles, are really eating the lunch of the global car industry.

Well, Nissan decided that it could use a helping hand and reached out to crosstown rival Honda about a potential partnership specifically on electric vehicles, but has since blossomed into a potential marriage.

Well, Nissan decided that it could use a helping hand and reached out to crosstown rival Honda about a potential partnership specifically on electric vehicles, but has since blossomed into a potential marriage.

Well, Nissan decided that it could use a helping hand and reached out to crosstown rival Honda about a potential partnership specifically on electric vehicles, but has since blossomed into a potential marriage.

It's a matter of survival for Nissan. Everybody sees this as Honda bailing out Nissan and Nissan receiving a much needed lifeline.

It's a matter of survival for Nissan. Everybody sees this as Honda bailing out Nissan and Nissan receiving a much needed lifeline.

It's a matter of survival for Nissan. Everybody sees this as Honda bailing out Nissan and Nissan receiving a much needed lifeline.

I mean, OK, first of all, you have to understand Mibe, the Honda CEO, a little bit. He wears his heart on his sleeve. He was asked what he saw in Nissan.

I mean, OK, first of all, you have to understand Mibe, the Honda CEO, a little bit. He wears his heart on his sleeve. He was asked what he saw in Nissan.

I mean, OK, first of all, you have to understand Mibe, the Honda CEO, a little bit. He wears his heart on his sleeve. He was asked what he saw in Nissan.

And he gave this very long, rambling answer.